Cantor Fitzgerald initiated coverage of Tullow Oil at 'sell' with a 342p price target. The brokerage acknowledged that Tullow's share price has seen a considerable decline over the last 12 months, but anticipates that there is more near-term pain to come for shareholders. It said that an over-relia
Read more** Kingfisher within easy reach of 2-mth highs & standout performer on FTSE 100 as BofA Merrill Lynch lifts rating to "neutral" vs "underperform" ** Upgrade follows solid Q1 last week, as EPS forecasts trough ** Broker highlights: UK - B&Q improving, Screwfix powering ahead; France -
Read moreUK stocks dipped on Thursday afternoon amid mixed messages coming out about progress in Greece and volatile sovereign debt markets. Sector-wise, miners, utilities and transport stocks provided the biggest drag, offsetting decent performances from retailers and property stocks. As of 14:30 BST, the
Read moreUK stocks edged lower following recent volatility in sovereign debt markets and amid mixed reports on the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 12:21 the FTSE 100 was lower by 95.23 points to 6,855.2
Read moreBank of America Merrill Lynch upgraded its stance on Kingfisher to 'neutral' from 'underperform' and raised the price target to 390p from 330p. The bank's 'underperform' rating was predicated on weak growth, negative earnings momentum, worsening sales densities at B&Q and continued poor performance
Read moreBHP Billiton: Credit Suisse reiterates underperform recommendation and 1,350p target. Henderson Group: Credit Suisse stays at underperform. Anite: Panmure Gordon keeps at buy. Kingfisher: Bank of America-Merrill Lynch upgrades to neutral from underperform. Tullow Oil: Cantor Fitzgerald initiates
Read more